“Every time the market goes down a little bit, people think it’s going to go down a lot. But at some point, we’re going to get to the greed factor where people are going to think they’re going to miss out on the next run of the market and instead of buying at 6,500, they’re going to buy at 11,000 or 12,000,” said Bold.

In the meantime, Kinahan said the markets aren’t heading for a correction—and also said it’s “healthy” that we’re seeing some selloff..“We had a nice rally, and people are taking some profits,” he said.“What you’re seeing is more of a rollover. The Dow has been significantly stronger than the Nasdaq over the last few sessions, so people may be moving their money from some of the tech sectors into the Dow."More Market Intelligence:Market Is Overvalued by 20%: RosenbergMarket Tips: Stocks Still Have Upside MomentumMarkets Will be Higher by Year-End: Investment Strategists